MARKET DEVELOPMENT ASSISTANCE SCHEME (Particulars)

Mr Philip Tan Tee Yong asked the Acting Minister for Trade and Industry, since the introduction of the Market Development Assistance Scheme in September 1985, (a) what was the amount granted as at the latest convenient date; (b) how many companies have benefitted from the Scheme; and (c) what kind of activities were promoted.

The Minister of State for Trade and Industry (Dr Lee Boon Yang) (for the Acting Minister for Trade and Industry): Mr Speaker, Sir, I will answer on behalf of my Minister.

Sir, the objective of the Market Development Assistance Scheme (MDAS) is to help companies penetrate new markets, introduce new lines of products and services and expand existing market shares.

Since its introduction, grants totalling about $680,000 have been awarded to 83 companies. Activities given funding support under the Scheme include redesign of packaging for exports, opening of overseas offices, and overseas marketing and advertising.